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Kyowakogyosyo Co (TSE:5971) Operating Income : 円1,015 Mil (TTM As of Oct. 2024)


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What is Kyowakogyosyo Co Operating Income?

Kyowakogyosyo Co's Operating Income for the three months ended in Oct. 2024 was 円0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Oct. 2024 was 円1,015 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Kyowakogyosyo Co's Operating Income for the three months ended in Oct. 2024 was 円0 Mil. Kyowakogyosyo Co's Revenue for the three months ended in Oct. 2024 was 円0 Mil. Therefore, Kyowakogyosyo Co's Operating Margin % for the quarter that ended in Oct. 2024 was %.

Good Sign:

Kyowakogyosyo Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Kyowakogyosyo Co's 5-Year average Growth Rate for Operating Margin % was 2.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kyowakogyosyo Co's annualized ROC % for the quarter that ended in Oct. 2024 was 0.00%. Kyowakogyosyo Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2024 was 0.00%.


Kyowakogyosyo Co Operating Income Historical Data

The historical data trend for Kyowakogyosyo Co's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kyowakogyosyo Co Operating Income Chart

Kyowakogyosyo Co Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 409.71 552.12 1,501.73 994.49 1,015.17

Kyowakogyosyo Co Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Oct24
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 359.00 285.53 186.07 184.57 -

Kyowakogyosyo Co Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Oct. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円1,015 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Kyowakogyosyo Co  (TSE:5971) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Kyowakogyosyo Co's annualized ROC % for the quarter that ended in Oct. 2024 is calculated as:

ROC % (Q: Oct. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Apr. 2024 ) + Invested Capital (Q: Oct. 2024 ))/ count )
=0 * ( 1 - 0% )/( (8353.589 + 8260.117)/ 2 )
=0/8306.853
=0.00 %

where

Invested Capital(Q: Apr. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=17903.348 - 1114.246 - ( 8435.513 - max(0, 1411.026 - 11883.435+8435.513))
=8353.589

Invested Capital(Q: Oct. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=17581.219 - 810.835 - ( 8510.267 - max(0, 1511.046 - 12031.467+8510.267))
=8260.117

Note: The Operating Income data used here is four times the quarterly (Oct. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Kyowakogyosyo Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Oct. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Apr. 2024  Q: Oct. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0/( ( (3006.033 + max(2039.396, 0)) + (2873.939 + max(2010.154, 0)) )/ 2 )
=0/( ( 5045.429 + 4884.093 )/ 2 )
=0/4964.761
=0.00 %

where Working Capital is:

Working Capital(Q: Apr. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1887.002 + 599.004 + 961.916) - (1114.246 + 0 + 294.28)
=2039.396

Working Capital(Q: Oct. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1975.98 + 618.894 + 926.326) - (810.835 + 0 + 700.211)
=2010.154

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Oct. 2024) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Kyowakogyosyo Co's Operating Margin % for the quarter that ended in Oct. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Oct. 2024 )/Revenue (Q: Oct. 2024 )
=0/0
= %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Kyowakogyosyo Co Operating Income Related Terms

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Kyowakogyosyo Co Business Description

Traded in Other Exchanges
N/A
Address
1-chome industrial estate 57, Komatsu, Ishikawa, JPN, 923-8620
Kyowakogyosyo Co Ltd manufactures and sells bolts for construction machinery and related businesses. Its products include hexagon head bolt and JIS six square hole equipped volts or bolt, marine engine unit bolts, automotive parts, and forged parts. The products offered by the company are used in bucket-edge system, attachment system, and suspension system, among others.

Kyowakogyosyo Co Headlines

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